Morning Analysis


Prices continue to trade below the major moving averages, with MA10 and MA20 forming a strong resistance zone. Multiple volume-driven declines confirm that the market is dominated by bears. The MACD indicator remains in a death cross pattern, and although the green histogram has shrunk, the downward trend has not undergone a substantial reversal. While the RSI and KDJ indicators are at low levels, no effective divergence signals have appeared, indicating a lack of short-term rebound momentum. If the price cannot effectively hold above the 2850 level, the market is likely to test the key support zone around 2777.
Specific asset support and resistance:
Bitcoin (BTC) around 85700-86200 is bearish, with targets around 83700-84200
Ethereum (ETH) around 2850-2880 is bearish, with targets around 2650-2680
BTC0.29%
ETH1.21%
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